Visa Inc. (NYSE:V) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its stake in Visa Inc. (NYSE:VFree Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,610 shares of the credit-card processor’s stock after purchasing an additional 2,617 shares during the quarter. Visa comprises about 1.1% of Venturi Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Venturi Wealth Management LLC’s holdings in Visa were worth $21,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Fortis Group Advisors LLC grew its stake in Visa by 2.4% during the 4th quarter. Fortis Group Advisors LLC now owns 14,163 shares of the credit-card processor’s stock valued at $4,476,000 after purchasing an additional 334 shares during the last quarter. Citizens & Northern Corp acquired a new stake in shares of Visa during the fourth quarter worth about $241,000. Evergreen Wealth Management LLC boosted its position in Visa by 2.1% in the fourth quarter. Evergreen Wealth Management LLC now owns 10,763 shares of the credit-card processor’s stock valued at $3,402,000 after buying an additional 222 shares during the last quarter. Highview Capital Management LLC DE increased its holdings in Visa by 3.1% in the 4th quarter. Highview Capital Management LLC DE now owns 19,997 shares of the credit-card processor’s stock worth $6,320,000 after buying an additional 604 shares during the period. Finally, Cosner Financial Group LLC purchased a new position in Visa during the 4th quarter worth approximately $202,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of Visa stock opened at $350.45 on Friday. The stock has a market capitalization of $651.05 billion, a P/E ratio of 35.33, a PEG ratio of 2.37 and a beta of 0.97. The business has a 50 day simple moving average of $328.47 and a two-hundred day simple moving average of $301.39. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on V shares. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen increased their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Citigroup upped their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Check Out Our Latest Stock Analysis on V

Visa Company Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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